Why do you think so? It is not a express way. A highway can be 2km. it can also be 200 km or longer. By the way, I have read most roads in Rangoon stops either at a Pagoda or a canal. People have to be on foot through the Pagodas and cross the canals on foot. Is it true?
Bangladesh Economy: News & Updates
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Aung Zaya
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nope.. lol may be wrong with Bagan...
no canals in YGN plus we dont have such many Pagodas as u said... 
gslv mk3
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Aung Zaya
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i expected it like Roads in Nay Pyi Taw...What else do you expect? It is Bangladesh.
The cabinet committee on purchase yesterday approved the proposal to award the Tk 291-crore project of supervising the construction work of Karnaphuli tunnel to a multinational joint venture.
The company led by SMEC International Private Ltd, Australia would review and supervise the design and construction work of the tunnel, according to the proposal of the Bridges Division.
Among the three companies that were able to meet the criteria, the Australian firm got the highest score in the technical evaluation but the lowest in financial assessment.
However, the job went to the company, as it got the highest score combinedly.
On November 24, 2015, the Executive Committee of the National Economic Council approved the much-hyped Tk 8,446.64-crore multilane road tunnel project under the river.
Of the amount, China will provide Tk 4,799 crore or $705 million. The Chinese government has nominated China Communication Construction Company for the construction work.
In June last year, the cabinet committee on economic affairs gave its consent to awarding the job to the company.
The construction work of Karnaphuli tunnel will begin soon, Road Transport and Bridges Minister Obaidul Quader told parliament on June 30.
“After signing a credit agreement with the Chinese government, the project is expected to be completed by 2020,” Quader said.
A commercial agreement was signed with the Chinese company last year, but no loan agreement has yet been signed.
The construction work of the tunnel may start in October during the visit of the Chinese president to Bangladesh, the Bridges Division official said.
The tunnel, which will be the first-of-its-kind in Bangladesh, would improve the Dhaka-Chittagong-Cox's Bazar road network. It can later be linked to the planned Asian highway network, enabling road links with Myanmar and India.
The tunnel would significantly facilitate transit traffic, relieve the existing bridges of traffic pressure and promote regional economic growth, according to a government study.
The cost of building the Karnaphuli tunnel would be $103.67 million per kilometre, according to the proposal sent in by China Communication in February, which was verified by three independent consultants, according to the Bridges Division.
Canada's Ottawa Tunnel cost $143.50 million per kilometre, Japan's Tokyo Bay Aqua-Line $361 million and China's Yantai-Dalian Tunnel $146 million.
http://www.thedailystar.net/business/multinational-jv-oversee-building-karnaphuli-tunnel-1282342
The company led by SMEC International Private Ltd, Australia would review and supervise the design and construction work of the tunnel, according to the proposal of the Bridges Division.
Among the three companies that were able to meet the criteria, the Australian firm got the highest score in the technical evaluation but the lowest in financial assessment.
However, the job went to the company, as it got the highest score combinedly.
On November 24, 2015, the Executive Committee of the National Economic Council approved the much-hyped Tk 8,446.64-crore multilane road tunnel project under the river.
Of the amount, China will provide Tk 4,799 crore or $705 million. The Chinese government has nominated China Communication Construction Company for the construction work.
In June last year, the cabinet committee on economic affairs gave its consent to awarding the job to the company.
The construction work of Karnaphuli tunnel will begin soon, Road Transport and Bridges Minister Obaidul Quader told parliament on June 30.
“After signing a credit agreement with the Chinese government, the project is expected to be completed by 2020,” Quader said.
A commercial agreement was signed with the Chinese company last year, but no loan agreement has yet been signed.
The construction work of the tunnel may start in October during the visit of the Chinese president to Bangladesh, the Bridges Division official said.
The tunnel, which will be the first-of-its-kind in Bangladesh, would improve the Dhaka-Chittagong-Cox's Bazar road network. It can later be linked to the planned Asian highway network, enabling road links with Myanmar and India.
The tunnel would significantly facilitate transit traffic, relieve the existing bridges of traffic pressure and promote regional economic growth, according to a government study.
The cost of building the Karnaphuli tunnel would be $103.67 million per kilometre, according to the proposal sent in by China Communication in February, which was verified by three independent consultants, according to the Bridges Division.
Canada's Ottawa Tunnel cost $143.50 million per kilometre, Japan's Tokyo Bay Aqua-Line $361 million and China's Yantai-Dalian Tunnel $146 million.
http://www.thedailystar.net/business/multinational-jv-oversee-building-karnaphuli-tunnel-1282342
Michael Corleone
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is it a tunnel that goes through the river or a tunnel through a hill nearby?
I heard the tunnel will cross the river. The tunnel top will be a few meter below the river bed (soil) of Karnafuli. Cheers!
Homo Sapiens
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http://www.thefinancialexpress-bd.com/2016/09/07/45077/Curbing-reverse-remittance-flow
Published : 07 Sep 2016, 23:57:29
Curbing reverse remittance flow
News Analysis
Shahiduzzaman Khan
Although the inward remittances flow increased by nearly 18 per cent in August from that of the previous month and stood at $1.18 billion, it is not considered satisfactory in comparison to that of the previous year.
According to an FE report this week, the inflow of remittances is showing a declining trend in various countries, including Bangladesh, mainly due to the ongoing economic recession in different parts of the world. Lower prices of fuel oils squeezed the development activities in the Middle-East countries. Bangladesh has been hit hard by the ongoing slump there.
On the other hand, there has been a large outflow of reverse remittances from Bangladesh to some neighbouring countries. Very recently, the Centre for Policy Dialogue, a local think tank, suggested that the government should form a committee to investigate the large remittance outflows to India.
Bangladesh is, according to reports, now the fifth largest remittance source for India, with around $3.7 billion sent in 2013. It is expected to rise further in the coming years. Unofficial figures say the remittances being sent by the Indian, Sri Lankan and Pakistani experts and technicians have already crossed the $4.0 billion-mark.
The total number of foreign workers in Bangladesh is estimated at 500,000. The number of foreign technicians in the garment sector now stands at more than 19,000 -- the majority of whom are Indians. This gives a disconcerting signal to the country's volatile job market. Most of them work in readymade garment (RMG), textile units and non-government organisations (NGOs), often without proper permissions and documentations.
Some time back, Finance Minister AMA Muhith expressed his concern over remittance outflow to the tune of $4.0 billion a year. The government is really 'worried', he was quoted as saying. Such a large amount of outward remittance tends to affect the country's current account balance.
With the economy growing and diversifying, the demand for employment in the high skill category has increased. The gaps in the country's human resource development efforts and the brain drain have induced employment of foreigners in the skill-intensive professions.
For employment of the expatriates, there are standard procedures for registration in the host country with work permits being issued to them for a stated period which can be extended periodically. Questions have, however, arisen whether such procedures are followed here or not. Taking advantage of the lax monitoring, many are reportedly working here without authorisation.
Many foreign experts, according to reports, are taking jobs in Bangladesh through some overseas companies, non-government organisations (NGOs) and other businesses. Such experts are gainfully employed in lucrative jobs here, earn hefty amounts of money and remit a large sum of their earnings here to their host countries.
The government does not, in fact, have a strict policy on foreign expatriates or a sound mechanism to control them. It is not otherwise possible to do it just because of the fact that the country's administrative capabilities are weak and the corruption is allegedly widespread.
There are allegations that a large number of foreigners employed in Bangladesh do not do any specialised job but ordinary administrative work for which there is no shortage of local candidates. Many foreign firms prefer to appoint an Indian or Sri Lankan as an administrative assistant or a junior level officer instead of local ones.
In fact, no job is offered to a foreigner when a candidate with proper qualifications that the job demands is available in most of the developed countries in the world. However, there are always exceptions for highly qualified jobs. In such cases, foreigners are preferred. Any foreigners can apply, and the best ones are given the jobs as per law of the land.
Bangladesh can otherwise streamline its job market by careful planning and introducing 'Residence Permit' for foreigners. For example, if an Indian company needs a junior officer, let it bring him from India with proper documents indicating that he is an Indian citizen and the company needs the person for a particular skill that he or she possesses. The company should not bring and hire someone from other countries, say Singapore or Pakistan, when such a skilled person is available in Bangladesh.
There is no denying the fact that a foreign company has a right to bring and employ people from the mother country, but employing a person from a third country must not be allowed. In this way, the country can obtain many attractive and well-paid jobs for its citizens.
Hiring foreign workers in Bangladesh in a disciplined manner is an utmost necessity for protecting the country's job market for the local people. The economy can hardly afford to offer jobs to foreigners when the local people are scrambling for the same day and night.
In this context, a thorough survey to prepare a reliable, updated data base on the state of foreigners in the country should be made. The concerned authorities should investigate how such large sums of foreign exchange are flowing out of the country.
The government does need to initiate necessary steps to curb reverse remittance flow, deal with the issue of hiring foreigners properly and develop skilled human resources for their substitution.
szkhanfe@gmail.com
Published : 07 Sep 2016, 23:57:29
Curbing reverse remittance flow
News Analysis
Shahiduzzaman Khan
Although the inward remittances flow increased by nearly 18 per cent in August from that of the previous month and stood at $1.18 billion, it is not considered satisfactory in comparison to that of the previous year.
According to an FE report this week, the inflow of remittances is showing a declining trend in various countries, including Bangladesh, mainly due to the ongoing economic recession in different parts of the world. Lower prices of fuel oils squeezed the development activities in the Middle-East countries. Bangladesh has been hit hard by the ongoing slump there.
On the other hand, there has been a large outflow of reverse remittances from Bangladesh to some neighbouring countries. Very recently, the Centre for Policy Dialogue, a local think tank, suggested that the government should form a committee to investigate the large remittance outflows to India.
Bangladesh is, according to reports, now the fifth largest remittance source for India, with around $3.7 billion sent in 2013. It is expected to rise further in the coming years. Unofficial figures say the remittances being sent by the Indian, Sri Lankan and Pakistani experts and technicians have already crossed the $4.0 billion-mark.
The total number of foreign workers in Bangladesh is estimated at 500,000. The number of foreign technicians in the garment sector now stands at more than 19,000 -- the majority of whom are Indians. This gives a disconcerting signal to the country's volatile job market. Most of them work in readymade garment (RMG), textile units and non-government organisations (NGOs), often without proper permissions and documentations.
Some time back, Finance Minister AMA Muhith expressed his concern over remittance outflow to the tune of $4.0 billion a year. The government is really 'worried', he was quoted as saying. Such a large amount of outward remittance tends to affect the country's current account balance.
With the economy growing and diversifying, the demand for employment in the high skill category has increased. The gaps in the country's human resource development efforts and the brain drain have induced employment of foreigners in the skill-intensive professions.
For employment of the expatriates, there are standard procedures for registration in the host country with work permits being issued to them for a stated period which can be extended periodically. Questions have, however, arisen whether such procedures are followed here or not. Taking advantage of the lax monitoring, many are reportedly working here without authorisation.
Many foreign experts, according to reports, are taking jobs in Bangladesh through some overseas companies, non-government organisations (NGOs) and other businesses. Such experts are gainfully employed in lucrative jobs here, earn hefty amounts of money and remit a large sum of their earnings here to their host countries.
The government does not, in fact, have a strict policy on foreign expatriates or a sound mechanism to control them. It is not otherwise possible to do it just because of the fact that the country's administrative capabilities are weak and the corruption is allegedly widespread.
There are allegations that a large number of foreigners employed in Bangladesh do not do any specialised job but ordinary administrative work for which there is no shortage of local candidates. Many foreign firms prefer to appoint an Indian or Sri Lankan as an administrative assistant or a junior level officer instead of local ones.
In fact, no job is offered to a foreigner when a candidate with proper qualifications that the job demands is available in most of the developed countries in the world. However, there are always exceptions for highly qualified jobs. In such cases, foreigners are preferred. Any foreigners can apply, and the best ones are given the jobs as per law of the land.
Bangladesh can otherwise streamline its job market by careful planning and introducing 'Residence Permit' for foreigners. For example, if an Indian company needs a junior officer, let it bring him from India with proper documents indicating that he is an Indian citizen and the company needs the person for a particular skill that he or she possesses. The company should not bring and hire someone from other countries, say Singapore or Pakistan, when such a skilled person is available in Bangladesh.
There is no denying the fact that a foreign company has a right to bring and employ people from the mother country, but employing a person from a third country must not be allowed. In this way, the country can obtain many attractive and well-paid jobs for its citizens.
Hiring foreign workers in Bangladesh in a disciplined manner is an utmost necessity for protecting the country's job market for the local people. The economy can hardly afford to offer jobs to foreigners when the local people are scrambling for the same day and night.
In this context, a thorough survey to prepare a reliable, updated data base on the state of foreigners in the country should be made. The concerned authorities should investigate how such large sums of foreign exchange are flowing out of the country.
The government does need to initiate necessary steps to curb reverse remittance flow, deal with the issue of hiring foreigners properly and develop skilled human resources for their substitution.
szkhanfe@gmail.com
Homo Sapiens
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Identification is the first step of solving the problem.This reverse remittance outflow only gaining media attention recently.I hope Govt. take necessary steps to curtail this problem rapidly. Four billion dollar is a huge sum of money for a country like BD..
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People will not like my response. A King went to the interior of his country where the heat was unbearable. He asked his local assistants about the reason who replied, "Badshah Salamat, it is time for the mangoes to ripen, so it is hot." Badshah thought over it and concluded that it is hot because the mangoes are ripening. So, he ordered to cut off all mango trees.
Remittance setback is similarly not because of the employment of Indian or other nationals. I have met two Pakistani Managers in a garment factory in Gazipur. These foreigners are EMPLOYABLE because they know their jobs too well, and whatever may be the reasons their employers do not find many BD experts like them. These foreigners work hard as the managers in their respective fields. We should not indulge in force reversing other people's Rizq given by Allah.
Our problem lies not with the foreign employees but with the slowing down of remittances from overseas. Hope, we will shortly get over this problem.
Remittance setback is similarly not because of the employment of Indian or other nationals. I have met two Pakistani Managers in a garment factory in Gazipur. These foreigners are EMPLOYABLE because they know their jobs too well, and whatever may be the reasons their employers do not find many BD experts like them. These foreigners work hard as the managers in their respective fields. We should not indulge in force reversing other people's Rizq given by Allah.
Our problem lies not with the foreign employees but with the slowing down of remittances from overseas. Hope, we will shortly get over this problem.
Last edited:
Abingdonboy
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Good to see the BBIN framework and agreements being implemented so swiftly, SAARC has been totally sidelined thanks to a certain cancer.Im posting here since BD is naturally the largest future economic partner for India in the immediate region:
http://economictimes.indiatimes.com...ess-south-asia-trade/articleshow/54009974.cms
NEW DELHI: A truck is trundling its way to Delhi, making history along the way. In Gadar: Ek Prem Katha (2001), Sunny Deol's character had sung with enthusiasm about driving across the subcontinent through Amritsar, Lahore...
That's a road too far but our real life lorry is still important. It's carrying goods made for global retail chain Marks & Spencer, having left the Bangladeshi capital Dhaka on August 28 and set to reach Delhi on Monday. It will mark the start of an endeavour to create a seamless mega market comprising Bangladesh, Nepal, Bhutan and India (sorry Sunny, no Pakistan).
There is a clear cost and time advantage to through transport.
"We are expecting the freight cost to come down by 20% and transit time by three days due to this," said Nidhi Dua, India country manager for Marks & Spencer. "Earlier the Bangladeshi trucks had to be offloaded at the border and the goods shifted for onward journey into India in Indian trucks."
Apart from the delays, goods would get damaged as they were transferred between trucks besides making them vulnerable to the weather and pilferage. The pilot run of the Bangladeshi truck through customs-free borders is being monitored in real time thanks to an onboard chip. The template may be followed for all forms of such movement.
"This will help in seamless move ment of both goods as well as passenger vehicles across borders within the South Asian region," a senior customs official told ET. As part of the Motor Vehicles Agreement (MVA) signed among the countries cited above in June 2015, trucks can cross borders with just a cargo manifest and a document seeking temporary admission.
An electronic seal is affixed when a vehicle reaches the first land customs station in the destination country. The first truck is part of trials to help draw up protocols to facilitate trade while maintaining effective controls.
"We have been monitoring the truck's movement since it left Benapole, the Bangladesh checkpost near Petrapole," said the official cited above. "Customs duty on the goods would be paid in Delhi before they are released to the company."
The vehicle that's coming to Delhi via Kolkata will file a bill of entry at the Inland Customs Depot in Patparganj in the capital before it is cleared, the official said. The project is in partnership with the Asian Development Bank, which is supporting the project by helping to create better physical infrastructure in the four countries.
It's supporting over 30 priority road projects with a total estimated cost of over $8 billion. The opening up is expected to help boost development of the northeast as the transport corridor runs through that region.
A World Bank study expects South Asian intra-regional trade as a whole to rise 60% thanks to the agreement. Marks & Spencer sees trade between Bangladesh and India growing thanks to the easing of transport rules. "Marks and Spencer brings in about 20 trucks of manufactured goods every month from Bangladesh," Dua said.
==================================
No trolling please.
@PARIKRAMA @anant_s @Bilal9 @Anubis @Loki @BDforever @bongbang @Doyalbaba @Levina et al.\
@ebrahym This is what I was talking about in things India - Pakistan can also look at implementing to improve trade in current political framework.
This is how the region prospers, both BD and India are investing heavily in the development of its people no doubt much will be achieved by working together in such a manner going forward.
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